- Indian e-commerce company Flipkart announces a primary and secondary capital investment from SoftBank’s (OTCPK:SFTBF, OTCPK:SFTBY) Vision Fund.
- SoftBank’s exact investment wasn’t disclosed but came as part of the recent $1.4B funding round that also included Microsoft and Tencent.
- Flipkart now has over $4B of cash on its balance sheet.
- Flipkart had sought to acquire SnapDeal, a SoftBank-affiliated e-commerce firm, but that deal fell through last month.
- Previously: SoftBank invests $1B in sports e-commerce company (Aug. 8)